As part of its strategic plans, Vintage Petroleum Boliviana Ltd. (VPB), a wholly-owned subsidiary of Occidental Petroleum Corporation (Occidental), has developed and implemented a Social Responsibility (SR) Program that supports company business objectives and positively impacts and adds value to all stakeholders—employees, contractors, national oil company, communities, and the environment. VPB's SR Program achieves a balance between its oil and gas Exploration and Production (E&P) interests, and communities’ expectations and needs. The SR Program carried out through an extensive engagement process has served as the model for our operational excellence and resulted in alliances between VPB and the communities located in the areas of influence and at large.
The objective and scope of this paper is to share the methodology, approach, and processes that VPB has successfully implemented to improve the quality of life of society as a whole and be a shared value partner with the communities. This paper addresses both tangible and intangible benefits that the communities have received and the quality of life enhancement of the communities’ inhabitants, as well as Key Performance Indicators (KPIs) used to measure performance for operational excellence, communities’ development, and project/program evaluation.
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